The accreditation for the Master of Business Administration was issued at the end of August by Luxembourg’s higher education ministry, just two years after the programme was first introduced.

“We are pleased that the Ministry recognises the vision of LSB. Our school has been created with the objective to become one of the best and most innovative business schools in Europe”, LSB managing director Marin Njavro said in a press release.

The recognition will enable the school to offer courses to people from outside of the country, by issuing visas, as well as expand their partnerships with experts from other universities and business schools.

The LSB, which offers a range of executive training courses, launched its first two-year MBA in 2015. Since then the number of students in each cohort has risen from six to 12.

The courses take place during the weekend—on Friday evenings and all day Saturday, enabling learners to balance work and studies. It is aimed at people with a minimum of three years’ experience in the work place (not including internships), who have a bachelor. The new school year begins on 8 September 2017.

A school spokesman said that it was planned to eventually offer two new MBA course each year, offering more choice and flexibility for learners.